Jeff Cost

Cincinnati Home Loan

  • Home
  • About
    • About Us
    • Privacy Policy
  • Blog
  • Resources
    • First Time Seller Tips
    • First Time Buyer Tips
    • Home Appraisal
    • Loan Checklist
    • Loan Programs
    • Loan Process
    • Mortgage FAQ
    • Mortgage Glossary
    • Get a Rate Quote
    • What to Expect at a Loan Closing: A Step-by-Step Guide
  • Apply Now
    • Online Application
    • Home Purchase
    • Home Refinance
    • Loan Comparison
  • Reviews
    • Leave a Review
  • Contact
Block
CINCINNATI HOME LOAN
Helping you get the best home loan for your family!
Schedule a Consultation
home-green
Interested in Purchasing a Home?
Fill out this form and we'll be in touch
checklist_2-green
Interested in Refinancing?
Fill out this form and we'll be in touch
questions?
Get a Rate Quote
Want a quick quote? Fill out this form
Apply Now
Apply Now
Ready to get started? Click here!

What’s Ahead For Mortgage Rates This Week – January 2, 2023

January 2, 2023 by Jeff Cost

What's Ahead For Mortgage Rates This Week - January 2, 2023Last week’s economic reporting included readings on U.S. housing markets, pending home sales, and weekly readings on mortgage rates and jobless claims.

S&P Case Shiller Home Price Indices:  Month-to-moth home prices fall in October

U.S. home prices fell in October for the fourth consecutive month. Wavering demand for homes was caused by rising mortgage rates and high home prices in many regional markets. The 20-City home price index showed the top three cities with the highest month-to-month home price declines were Miami. Florida with a -1.0 percent decline, Tampa, Florida where home prices declined by -0,8 percent, and Charlotte, North Carolina where home prices dropped by -0.9 percent month-to-month in October.

Year-over-year home prices rose by 21 percent in Miami, Florida; year-over-year home prices rose by 20.5 percent in Tampa, Florida. Charlotte, North Carolina reported a year-over-year home price gain of 15.0 percent as of October.

The Federal Housing Finance Agency reported that home price growth was flat from September to October as compared to a month-to-month gain of 0.10 percent in September. Analysts said that high home prices and mortgage rates have decreased demand for homes as would-be buyers face affordability issues and strict mortgage credit requirements.

Mortgage Rates Mixed, Jobless Claims Rise

Freddie Mac reported higher fixed mortgage rates last week as the average rate for 30-year fixed-rate mortgages rose by 15 basis points to 6.42 percent. Rates for 15-year fixed-rate mortgages fell by one basis point to an average of 5.68 percent.

New jobless claims rose last week to 225,000 initial claims filed as compared to 216,000 initial claims filed in the previous week. Analysts expected a reading of 223,000 first-time jobless claims filed. Ongoing jobless claims rose last week with 1.71 million continuing jobless claims filed as compared to 1.67 million continuing jobless claims filed in the previous week.

What’s Ahead

This week’s scheduled economic news includes readings on construction spending, minutes of the most recent Federal Open Market Committee meeting, and public and private-sector jobs data. Weekly reports on mortgage rates and jobless claims will also be released.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

  • « Previous Page
  • 1
  • …
  • 599
  • 600
  • 601
  • 602
  • 603
  • …
  • 3478
  • Next Page »

Jeff Cost
Sr. Loan Officer

Cincinnati, OH Mortgage Lender
NMLS# 21688


jeffrey.cost@ccm.com

Call (513) 403-6260
Fax (941) 567-5222

Cross Country Mortgage

How can I help?

Connect with Me!

Browse Articles by Category

The Latest Articles

  • Eco-Friendly Mortgages To Finance Green Homes
  • Why Your Mortgage Has an Escrow Account and How It Works for You
  • Creative Ways to Finance a Home Renovation with Your Mortgage
  • The Rise of Mortgage Payment Protection Insurance
nmlsconsumeraccess.org
Equal Housing Lender

Our Location

CrossCountry Mortgage, LLC
4050 Executive Park Drive, Suite 220
Cincinnati, OH 45242

Personal NMLS21688 Branch NMLS2458257
Company NMLS3029

Copyright © 2025 · Powered by MySMARTblog

Copyright © 2025 · Genesis Sample Theme on Genesis Framework · WordPress · Log in